According to Verdantix’s “Carbon Disclosure Project Study”, in about nine years American companies will increase their investments in cloud computing from 10% to 69%. Besides reducing energy consumption and carbon emissions, the study also indicates that the efficiency of these companies increases significantly. The biggest savings are more automation on internal processes, faster market placing, payroll flexibility, and reduced maintenance expenses.
In this study, companies like Boeing, Juniper, and Citigroup that have benefited from cloud computing for at least two years, revealed that the huge savings on migrating to cloud computing are the propellers for these companies to invest in the cloud infrastructure. They revealed having cost reducing anticipations ranging from 40% to 50%. To give you an idea of how huge these savings can be, the study shows that big American companies using cloud computing can save up to $12.3 billion while reducing the equivalent of 200 million barrels of oil in emissions of carbon in the atmosphere – this could fill the tanks of approximately 5.7 million cars per year.
With recent advancements Cloud computing is not something accessible only to big companies. Small and medium businesses can greatly benefit from the scalability of this infrastructure, mainly because of the fixed cost per user. This allows companies to expand and downsize without compromising the total cost of ownership over unused and aging hardware. Information is accessible from any device with an internet connection, including smartphones and tablets. Enterprise level security such as https encryption, redundant physical measures, controlling access by device, time, and user, and even two-factor authentication is now made accessible to even small organizations. Because information is the most valuable asset to companies, cloud computing is now a big player in the business world by providing cost benefits, high level security, reliability, and cost savings.